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    Property profile & analytics

    24 1st St Waconia, MN 55387-1410

    • Retail space
    • 1,620 SF
    • 0.13 lot acres
    OFF-MARKET
    Value Estimation
    $395,000
    Last Sale
    Jun 03, 2024
    $400,000
    Location Intelligence
    Property ID
    US46-3196451
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Retail space

    Property Details for 24 1st St

    Year built
    1905
    Lot size
    0.13 lot acres
    Property size
    1,620 SF
    Property type
    Retail space
    APN
    75-0502670
    APU
    750502670

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $400,000

    • CAP approach

      CAP return
      Estimation
      6%
      $395,000
      6.5%
      $355,000
      7%
      $400,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $330,000
      Geo Method
      $360,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $375,000
      Retail
      $335,000
      Mixed-Use
      $410,000
      Hospitality
      $410,000
      Educational
      $435,000
      Residential Income
      $455,000
      Energy
      $455,000
      Income-Based Land
      $370,000
      Food Service
      $445,000

    Location Insight

    • Map
    • Local Demand
    City
    Waconia
    County
    Carver
    State
    Minnesota
    Longitude
    -93.787
    Latitude
    44.8496
    CBSA code
    33460
    CBSA name
    MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2024
    $8,878
    $141,600
    $227,800
    $369,400
    -
    $141,600
    $227,800
    $369,400

    Comparable in this City

    • Value Estimation
      $905,000
      2,080 SF

      125 Olive St

      RETAIL STORES (PERSONAL SERVICES) • 2,080 SF
      125 Olive St, Waconia, MN 55387-1421
      View Details
    • Value Estimation by Request
      3,564 SF

      201 1st St

      RETAIL STORES (PERSONAL SERVICES) • 3,564 SF
      201 1st St, Waconia, MN 55387-1302
      View Details
    • Value Estimation by Request
      5,600 SF

      33 1st St

      RETAIL STORES (PERSONAL SERVICES) • 5,600 SF
      33 1st St, Waconia, MN 55387-1411
      View Details
    • Value Estimation by Request
      9,900 SF

      53 State Hwy 5th 5

      RETAIL STORES (PERSONAL SERVICES) • 9,900 SF
      53 State Hwy 5th 5, Waconia, MN 55387
      View Details
    • Value Estimation by Request
      5,670 SF

      141 1st St

      RETAIL STORES (PERSONAL SERVICES) • 5,670 SF
      141 1st St, Waconia, MN 55387-1319
      View Details
    • Value Estimation
      $360,000
      3,156 SF

      109 Elm St

      RETAIL STORES (PERSONAL SERVICES) • 3,156 SF
      109 Elm St, Waconia, MN 55387-1435
      View Details

    Similar Nearby for Sale

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    • Contact for pricing
      38,412 SF

      Waconia Square Retail/Office Center

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    • Contact for pricing

      Established Brewery in Prime Location

      Turnkey brewery with strong brand recognition and growth potential.
      255 West Main St, Waconia, MN 55387
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    • $20,217,000
      76.70 Acres

      Prime Land in Waconia Twp

      76.7 acres of land with tremendous potential in Waconia.
      700 10 St E, Waconia, MN 55387
      View Details
    • Contact for pricing
      0.11 Acres

      Downtown Waconia Office Opportunity

      Versatile commercial space in downtown Waconia, ideal for growing businesses.
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    24 1st St
    Waconia, MN 55387-1410
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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